Savaria (SIS) to Release Earnings on Wednesday

Savaria (TSE:SIS) will be posting its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Savaria to post earnings of C$0.23 per share for the quarter.

Savaria (TSE:SIS) last released its earnings results on Wednesday, August 7th. The company reported C$0.22 earnings per share for the quarter, beating the consensus estimate of C$0.20 by C$0.02. Savaria had a return on equity of 8.95% and a net margin of 5.25%. The business had revenue of C$221.34 million for the quarter, compared to the consensus estimate of C$213.08 million.

Savaria Price Performance

Shares of SIS traded up C$0.01 during trading hours on Tuesday, hitting C$22.54. 21,807 shares of the stock were exchanged, compared to its average volume of 75,764. The stock’s 50-day moving average price is C$21.63 and its two-hundred day moving average price is C$19.30. Savaria has a 12-month low of C$13.64 and a 12-month high of C$23.92. The company has a debt-to-equity ratio of 56.50, a quick ratio of 0.91 and a current ratio of 1.94. The company has a market cap of C$1.60 billion, a price-to-earnings ratio of 34.66, a price-to-earnings-growth ratio of 42.72 and a beta of 0.90.

Savaria Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.045 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date is Thursday, October 31st. Savaria’s payout ratio is 83.08%.

Insider Buying and Selling

In related news, Senior Officer Sylvain Aubry sold 20,002 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of C$20.75, for a total value of C$415,041.50. In other Savaria news, Director Sylvain Dumoulin sold 5,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of C$22.00, for a total transaction of C$110,000.00. Also, Senior Officer Sylvain Aubry sold 20,002 shares of Savaria stock in a transaction on Friday, September 13th. The shares were sold at an average price of C$20.75, for a total transaction of C$415,041.50. Insiders sold 50,002 shares of company stock worth $1,046,042 over the last 90 days. 17.45% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SIS shares. Scotiabank set a C$25.00 price objective on shares of Savaria and gave the company an “outperform” rating in a research note on Thursday, September 26th. Stifel Nicolaus raised their target price on Savaria from C$24.00 to C$25.00 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. TD Securities upped their price objective on Savaria from C$23.00 to C$24.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Raymond James upped their price target on Savaria from C$25.00 to C$27.50 and gave the stock an “outperform” rating in a research note on Friday, September 13th. Finally, National Bankshares raised their target price on Savaria from C$22.00 to C$27.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Savaria has a consensus rating of “Buy” and an average target price of C$25.50.

About Savaria

Savaria Corporation provides accessibility solutions for the elderly and physically challenged people in Canada, the United States, Europe, and internationally. The company operates in two segments, Accessibility and Patient Care. The Accessibility segment designs, manufactures, distributes, and installs a portfolio of accessibility products, including commercial and home elevators, stairlifts, platform lifts, and wheelchair lowered-floor accessible conversions for selected brands of minivans, personal, residential, or commercial applications.